Why Opendoor Technologies Stock Popped Today

Shares of Opendoor Technologies (NASDAQ: OPEN) were soaring again today as the meme-stock tailwind that has pushed the online home-flipping stock up in recent weeks seemed to gain strength today, even though there was no company-specific news out on the stock. The notion that Opendoor could be the next Carvana seems to be picking up steam online in social media forums like X and Reddit, and trading volume in the stock has soared. Opendoor has performed remarkably over the short term as the stock has now nearly tripled in just the last few weeks.